An economic creed in an imperfect world must be at least equally adapted to the purposes of war as to the purposes of peace. ... when war came in 1914, what was the situation of this country? The free-trade system had wholly failed to equip the Government of this country with the many instruments which were absolutely vital for the purposes of conducting war. (F. E. Smith, 1st Earl of Birkenhead)

An economic creed in an imperfect world must be at least equally adapted to the purposes of war as to the purposes of peace. ... when war came in 1914, what was the situation of this country? The free-trade system had wholly failed to equip the Government of this country with the many instruments which were absolutely vital for the purposes of conducting war.

F. E. Smith, 1st Earl of Birkenhead

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came conducting country creed government imperfect least peace situation system vital war world

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